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To: Paul Reuben who wrote (335)	11/25/2000 5:04:20 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 405

>> Didn't Monterey go for $500M+... You have a better grasp of the facts than Tiernan Ray from SmartMoney.com. The following snippet came from a recent cnet.com article. Cisco bought Monterey for $500 million in August 1999 as part of an initial acquisition foray into the optical networking market that cost the company close to $8 billion. The company has since also purchased the optical unit of Italian firm Pirelli. news.cnet.com uf

To: Paul Reuben who wrote (335)	11/26/2000 11:11:46 AM
From: The Phoenix	Read Replies (1) \| Respond to of 405

Paul, As UF pointed out Moneterey went for $500 but was purchased at the same time that Cerent was bought... so the numbers got intermingled. The writer didn't do the dd on this... which is why I read these articles with a suspect eye. The writer - although bullish - also misses the point of MPLS and provisioning....as many tried and true analysts/investors/employees in the communications space do. That is, it's not about selling bandwidth - not fibers, or wavelengths or any other segments of light/colors... The game will be about selling services. Take a look at how your cable service is charged today... that is a closer approximation of what the telcos will move to. You'll pay for usage and per service.... not for bandwidth. OG